Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223541
Title: HOUSING FOR THE SINGLES IN SINGAPORE
Authors: LEE CHUNG SON
Keywords: Real Estate
RE
Tu Yong
2015/2016 RE
Housing
Singapore
Singles
Issue Date: 3-May-2016
Citation: LEE CHUNG SON (2016-05-03). HOUSING FOR THE SINGLES IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: This paper seeks to uncover the housing preferences of singles in Singapore and if demographic and socioeconomic characteristics of these singles affect their housing preferences. Housing preferences studies have traditionally focused on the population in general which meant that the housing preferences of married couples were often prioritized and the housing preferences of singles neglected. In light of the burgeoning population of singles in Singapore, the housing needs of this currently marginalized group need to be addressed. In order to formulate sound and effective housing policies that match the expectations of singles, the housing preferences of singles need to first be understood. Through an online survey targeted at singles, data on the demographics, socioeconomic characteristics, and housing preferences of a group of 148 singles were collected. Following that, descriptive statistics were used in examining the representativeness of the sample, and Contingency Tables were further constructed to analyze the trends in housing preferences of singles with different demographic and socioeconomic characteristics. It was found that singles in Singapore overwhelmingly prefer homeownership to housing rental, unlike their counterparts in other countries. The public housing market is also the preferred market to purchase homes from, this is especially notable for singles above the age of 35 who have qualified for purchasing a home in the public housing sector. Singles of younger age groups with a desire to marry also preferred bigger housing types, possibly due to the prospects of forming a family eventually. However, the desire to marry has been found to decrease significantly after the age of 35. The findings of this paper have strong implications on current public housing policies targeted at singles, especially the newly introduced ‘2-room Flexi Flat’ scheme.
URI: https://scholarbank.nus.edu.sg/handle/10635/223541
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